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What will be the total revenue generated from Brazil's new online gambling regulations by December 31, 2025?
3
Resolution / Starting Odds
Less than R$ 500 million • 25%
R$ 500 million to R$ 1 billion • 25%
R$ 1 billion to R$ 1.5 billion • 25%
More than R$ 1.5 billion • 25%
Financial reports and statements from the Brazilian Ministry of Sports
Story
Brazil Launches Regulated Online Gambling with R$ 30 Million License Fee and Portaria MESP Nº 125 Starting January 1, 2025
Dec 31, 2024, 02:28 PM
The Brazilian government has announced new regulations for online gambling, set to take effect on January 1, 2025. This includes a list of licensed betting operators, which will be allowed to operate in the country for a fee of R$ 30 million. The Ministry of Sports has also specified the criteria for fixed-odds betting and the authorized sports entities under the new regulations, as outlined in Portaria MESP Nº 125. The introduction of regulated online gambling is considered a major development in Brazil's betting landscape, akin to changes seen in the U.S. following the Supreme Court's decision to strike down PASPA, although experts anticipate potential challenges in implementation.
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